SPOT BITCOIN ETF SPOT ETHEREUM ETF

US spot bitcoin ETFs saw $235 million in net inflows yesterday, led by Fidelity’s FBTC

theblock.co 08/10/2024 - 04:44 AM

U.S. Bitcoin ETF Inflows

U.S. spot bitcoin exchange-traded funds reported $235.19 million in net inflows on Monday, extending their streak of positive flows to two days.

Fidelity’s FBTC recorded the largest daily inflows among the 12 ETFs, with inflows of $103.68 million, according to SoSoValue data. BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, experienced inflows of $97.88 million after reporting zero flows last Friday.

Bitwise’s BITB logged $13.09 million in net inflows, while Ark and 21Shares’ ARKB saw $12.63 million in their product. VanEck’s HODL reported inflows of $5.37 million, and Invesco’s BTCO recorded $2.53 million in inflows.

Grayscale’s GBTC, the second largest spot bitcoin ETF, and six other ETFs reported zero flows on Monday.

The total trading volume of the 12 ETFs amounted to $1.22 billion on Monday, slightly up from $1.19 billion on Friday and $1.13 billion on Thursday.

Ether ETFs Saw No Flows

Meanwhile, spot Ethereum ETFs in the U.S. recorded zero flows on Monday following net inflows of $7.39 million on Friday and net outflows of $3.2 million on Thursday.

The total trading volume of these nine ETFs shrank to $118.43 million on Monday, compared to $148.01 million on Friday.

Bitcoin dipped 1.4% over the past 24 hours to trade at $62,757 at the time of writing, while ether slid 2.09% to $2,442, according to The Block’s price page.




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